- Along with its FQ4 results, Synopsys (NASDAQ:SNPS) has announced CFO Brian Beattie has been promoted to the role of EVP, business operations and chief administrative officer. Corporate finance VP Trac Pham is Synopsys' new CFO.
- In his new job, Beattie will continue leading Synopsys' finance, operations, and IT divisions, and will also be in charge of HR, facilities, and business development/strategy.
- FQ1 guidance is for revenue of $535M-$545M and EPS of $0.61-$0.63, favorable to a consensus of $518.4M and $0.61. FY15 (ends Oct. '15) guidance is for revenue of $2.185B-$2.225B and EPS of $2.67-$2.72 vs. a consensus of $2.21B and $2.70.
- Gross margin rose 100 bps Y/Y to 77.4%. Opex rose 8% to $360.1M.
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SNPS +1.1% AH. FQ4 results, PR.